Common use of Lost or Destroyed Note Clause in Contracts

Lost or Destroyed Note. Upon receipt of evidence satisfactory to the Company that this Note has been mutilated, destroyed or lost, and upon proof of ownership and receipt of indemnity from the Lender satisfactory in the form and amount to the Company, the Company shall execute and deliver a new Note stated to mature on the same date and for the same principal amount as this Note so mutilated, destroyed or lost, of like tenor with such notations, if any, as the Company shall reasonably determine, upon surrender and cancellation of, and in exchange and substitution for, such mutilated Note, or in lieu of and in substitution for this Note so destroyed or lost.

Lost or Destroyed Note. Upon receipt of evidence satisfactory to the Company that If this Note has been shall be mutilated, destroyed or lost, and upon proof of ownership and receipt of indemnity from the Lender satisfactory in the form and amount to the Companystolen or destroyed, the Company shall execute and deliver a new Note stated to mature on the same date and for the same principal amount as this Note so mutilateddeliver, destroyed or lost, of like tenor with such notations, if any, as the Company shall reasonably determine, upon surrender and cancellation of, and in exchange and substitution for, such for and upon cancellation of a mutilated Note, or in lieu of and or in substitution for a lost, stolen or destroyed Note, a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed but only upon receipt of evidence of such loss, theft or lostdestruction of such Note, and of the ownership thereof, and indemnity, if requested, all reasonably satisfactory to the Company.